The more cash that builds up in the treasury, the greater the pressure to piss it away. - Peter Lynch

I’m always on the lookout for great companies in lousy industries. A great industry that’s growing fast, such as computers or medical technology, attracts too much attention and too many competitors.

If my favorite Internet company sells for $30 a share, and yours sells for $10, then people who focus on price would say that mine is the superior company. This is a dangerous delusion. What Mr. Market pays for a stock today or next week doesn’t tell you which company has the best chance to succeed two to three years down the information superhighway.

They worked out a new deal between another group of investors (headed by John Peirce) and the Plymouth Company, which owned the land.